Cardamom futures extend gains, climb 2.84% on tight stocks

Rising for the second straight day, cardamom prices shot up by another 2.84 per cent to Rs 729 per kg in futures trading today as participants engaged in enlarging positions, triggered by tight stocks on restricted supplies from producing region at spot market.
At the Multi Commodity Exchange, cardamom for delivery in January 2016 jumped Rs 20.10, or 2.84 per cent, to Rs 729 per kg, in a business turnover of 652 lots.
Analysts said persistent rise in cardamom prices at futures trade to enlarging of positions by traders, driven by tight stocks position due to restricted supplies from producing belts in the physical market.